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Stock Pick by Bridner

SOL: Company triples EPS And Raises Outlook

Start trading SOL with real money!

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3 ratings
Posted 3224 days ago on 8/26/08

SOL will go UP
$4.20 on 2/26/09
$2.63 (-26.33% from time of market call)

This company is an underrated Solar Play, in fact my broker lists them as making semiconductors. They just reported a monster quarter with their earnings more than tripling for the same YTD period .12 to .38. They also raised their margins for the rest of the year to 13% in a time when other companies are shrinking theirs. Their 50 day moving average is 16.62 while their 200 day moving average is 15.73. This stock could possibly drop to some happy medium of the $16 range but I expect it to hover around its supports there. If this stock breaks below $15.50, get out fast. Now for the good outlook. The share price has been up 64% over the last 6 months beating out 98% of all stocks traded on major U.S. exchanges. Now before everyone starts to say TOO HIGH, the price has also dropped 21% in the last month, bringing it right back down to its support levels. I think this is a perfect opportunity to get into this stock now after a day of selloff's across the China Solar sector. This pick is 100% based upon Obama winning. I personally feel (not my political beliefs) that Obama will win in November in which case this stock as well as much of the rest of the sector will get a boost. This prediction is immediately invalid if McCain wins.

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